EXERCISE 1

Aceros del Norte, sa is a company that produces and sells grinding balls for mining
to grind minerals. The company gives the following information referring to the
balance sheet at the end of the years 2016 and 2017:

Question 1: Rebuild the Balance Sheet for years 2016 and 2017.

Question 2: Transform the Balance Sheet for years 2016 and 2017, differentiating
between the investments (Use of funds) and financing (Source of funds) and
reflecting the Fixed Assets and NFO and Equity, Long-term debt, Working Capital
and Short-term debt.
Question 3 (i): In a new column, subtract years 2016 and 2017 in order to analyze
how the company got the funds for the year 2017 and how it used them.

Question 4: Analyze the NOF and Working Capital. In both cases, how has the
company managed both parameters to increase or decrease them?

EXERCISE 2

Hereunder, the company gives the following information referring to the P&L
Statement for years 2016 and 2017:

Question 1: Rebuild the Profit&Loss Statement for the year 2018. You must
include all the accounts given and correctly indicate Gross Profit, EBITDA, EBIT,
Finance Result, and Net Income.
i
To answer this question, consider that an increase in Assets or a decrease in Equity&Liabilities equals to a Use of
Funds and that a decrease in Assets or an increase in Equity&Liabilities equals to a Source of Funds